T Christopher Uchida - May 15, 2024 Form 4 Insider Report for Palomar Holdings, Inc. (PLMR)

Role
Chief Financial Officer
Signature
/s/ Angela Grant, Attorney-in-Fact
Stock symbol
PLMR
Transactions as of
May 15, 2024
Transactions value $
-$68,194
Form type
4
Date filed
5/16/2024, 08:30 PM
Previous filing
Apr 18, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLMR Common Stock Options Exercise $15K +1K +3.95% $15.00 26.3K May 15, 2024 Direct F1
transaction PLMR Common Stock Sale -$59.1K -712 -2.7% $82.97 25.6K May 15, 2024 Direct F1, F2
transaction PLMR Common Stock Sale -$24.1K -288 -1.12% $83.74 25.3K May 15, 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PLMR Employee Stock Option (Right to Buy) Options Exercise $0 -1K -19.39% $0.00 4.16K May 15, 2024 Common Stock 1K $15.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 1,666 shares of Common Stock purchased pursuant to the Palomar Holdings, Inc. 2019 Employee Stock Purchase Plan (ESPP).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.37 to $83.25 (weighted average of $82.9738), inclusive; and $83.38 to $83.92 (weighted average of $83.7377), inclusive. The Reporting Person undertakes to provide to Palomar Holdings, Inc., any security holder of Palomar Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 Fifty percent (50%) of the option shares vest and become exercisable on April 16, 2020 and the remaining option shares vest and become exercisable in twelve (12) equal monthly installments thereafter.